Thomas & Wynter

Thomas & Wynter

Early Stage

Where fashion meets short term carry

Where fashion meets short term carry

Overview

Raised this Round: Raised: $66,055

Total Commitments ($USD)

Platform

Republic

Start Date

06/16/2022

Close Date

09/27/2022

Min. Goal
$25,000
Max. Goal
$1,070,000
Min. Investment

$100

Security Type

SAFE

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Valuation Cap

$3,000,000

Discount

0%

Year Founded

2014

Industry

Apparel & Fashion

Tech Sector

FashionTech

Distribution Model

B2C

Margin

High

Capital Intensity

Low

Location

Riverdale Park, Maryland

Business Type

Growth

Thomas & Wynter, with a valuation of $3 million, is raising funds on Republic. It is a luxury brand that designs insulated lunch totes for people on the go. The insulated totes of Thomas & Wynter keep the food warm or cold while on the go and look great. The totes are made of vegan leather and have reinforced dual handles for solid grip with removable shoulder straps. Thomas & Wynter reported a 156% increase in total sales from 2020 to 2021 and has been featured in USA Today, Reader’s Digest, and Forbes. Sherika Wynter and Shallon Thomas founded Thomas & Wynter in June 2014. The current crowdfunding campaign has a minimum target of $25,000 and a maximum target of $1,070,000. The campaign proceeds will be used to diversify manufacturing, expand distributor and partner networks, expand product offerings, and expand its European footprint.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$92,943

$34,748

COGS

$4,157

$8,241

Tax

$0

$0

 

 

Net Income

$-42,318

$-5,919

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$14,644

$68

Accounts Receivable

$0

$0

Total Assets

$20,649

$68

Short-Term Debt

$37,612

$8,317

Long-Term Debt

$33,604

$0

Total Liabilities

$71,216

$8,317

Financials as of: 06/16/2022
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Thomas & Wynter on Republic 2022
Platform: Republic
Security Type: SAFE
Valuation: $3,000,000

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